Aera Energy

Carbon TerraVault Provides First Quarter 2024 Update

Retrieved on: 
Tuesday, May 7, 2024
Utilities, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, Climate Change, Carbon, Mergers and acquisitions, Carbon dioxide, EPA, Aera Energy, Golden State, CRC, CTV, CCS, Inglewood Oil Field, Hart–Scott–Rodino Antitrust Improvements Act, FID, Public opinion, South Belridge Oil Field, CO2, EIR, California Resources Corporation, MMT, Renewable energy

Carbon TerraVault (CTV) today provided an update on its first quarter 2024 operations.

Key Points: 
  • Carbon TerraVault (CTV) today provided an update on its first quarter 2024 operations.
  • California Resources Corporation (NYSE: CRC) conducts its carbon management business through CTV which pursues carbon capture and sequestration (CCS) projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.
  • CTV anticipates that EPA and Kern County will deliver their final decisions on the permits in the second half of 2024.
  • On May 7, 2024, CRC filed the definitive proxy statement for the Aera Merger with the SEC.

Two Barrels of Oil Per Day Is All Drillers Extract from Community Wells, Making Case For New Law For $10K Per Day Fine, says Consumer Watchdog

Retrieved on: 
Monday, April 8, 2024
Sentinel, Consumer Watchdog, Health, Risk, School, F-150, Hospital, Research, Cancer, Ford, Birth, Energy Information Administration, Asthma, Aera Energy, California State Assembly, Multimedia, Jamie Court, Oil

"With oil at less than $80 per barrel, oil drillers are putting the health of communities at risk for less than $150 per day."

Key Points: 
  • "With oil at less than $80 per barrel, oil drillers are putting the health of communities at risk for less than $150 per day."
  • FracTracker Alliance found that overall statewide oil production averages 3.3 barrels per day per well based on CalGEM data for 2022.
  • An onshore well that produces between 1,000 and 3,000 barrels of oil a day is considered a good production range .
  • "The average community well's two barrel of oil output is not even enough to fuel four Ford F-150 trucks."

Interfor Appoints Christina Sistrunk to its Board of Directors

Retrieved on: 
Wednesday, March 6, 2024
Advisory board, Woman, TSX, Ohio State University, University college, Chemical engineering, Shell, Aera Energy, Management

BURNABY, British Columbia, March 05, 2024 (GLOBE NEWSWIRE) -- INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) is pleased to announce the appointment of Christina Sistrunk of Lumberton, Mississippi as an independent director of the Company.

Key Points: 
  • BURNABY, British Columbia, March 05, 2024 (GLOBE NEWSWIRE) -- INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) is pleased to announce the appointment of Christina Sistrunk of Lumberton, Mississippi as an independent director of the Company.
  • Ms. Sistrunk served as President and CEO of Aera Energy, LLC (an independent upstream oil and gas company) between 2015 and 2020.
  • Ms. Sistrunk currently serves on the External Advisory Council for The Ohio State University College of Engineering, and on the Advisory Board for Renewell Energy.
  • Her appointment increases the percentage of women directors on Interfor’s Board, to 30%.

Carbon TerraVault Provides 2023 Update

Retrieved on: 
Tuesday, February 27, 2024
Other Energy, Utilities, Environment, Oil, Gas, Alternative Energy, Energy, Climate Change, Carbon, Engineering, DAC, MMT, Inglewood Oil Field, Carbon dioxide, Research, Class, FEED, Natural gas, CRC, Government, Golden State, CCS, CDMA, Climate change, Mergers and acquisitions, CTV, California Resources Corporation, CO2, EPA, Primary energy, Economics, EIR, Aera Energy, DOE, Comment, South Belridge Oil Field, Renewable energy

Carbon TerraVault (CTV) today provided an update on its 2023 operations.

Key Points: 
  • Carbon TerraVault (CTV) today provided an update on its 2023 operations.
  • California Resources Corporation (NYSE: CRC) conducts its carbon management business through Carbon TerraVault which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.
  • “During 2023, our team meaningfully advanced the expansion of our carbon management business by announcing new Carbon Dioxide Management Agreements (CDMAs)1, submitting new permits to the EPA and attracting new greenfield project capital to California,” said Francisco Leon, CRC’s President and Chief Executive Officer.
  • The CDMA provides a path for the parties to reach final definitive documents and final investment decision.

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates DOOR, CRC, GLT, ZFOX

Retrieved on: 
Saturday, February 10, 2024
Owens Corning, Masonite, ZeroFox, Fraud, Masonite International, Sale, Advertising, Glatfelter, Specialty, California Resources Corporation, Aera Energy, Hygiene, Security (finance)

If you are a Masonite shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Masonite shareholder, click here to learn more about your rights and options .
  • If you are a California Resources shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

CRC Play To Buy Aera Is Way To Avoid Plugging Idle Wells, Extending Life Of Depleted Oil Fields Via Unproven Technology, Say Consumer Watchdog and FrackTracker Alliance

Retrieved on: 
Wednesday, February 7, 2024
Ferrar, Multimedia, CRC, ExxonMobil, Research, Shell, Carbon, Atmosphere, Aera Energy, Conservation, Groundwater, The FracTracker Alliance, Consumer Watchdog, Sale, Titanic, Carrillo, CPP Investment Board, Natural gas

The purchase of Aera brings CRC's count of idle wells producing no oil from about 6,700 up to nearly 16,000 wells.

Key Points: 
  • The purchase of Aera brings CRC's count of idle wells producing no oil from about 6,700 up to nearly 16,000 wells.
  • The two companies avoid the costs of plugging them because the state charges very little in fines.
  • The real play appears to be that CRC wants Aera's oil fields as a potential site to store carbon from unproven carbon capture programs.
  • The state never required the two oil giants to put up the money to cover full plugging and remediation of Aera's wells.

CRC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of California Resources Corporation Is Fair to Shareholders

Retrieved on: 
Wednesday, February 7, 2024
Class Action Lawsuit, Professional Services, Legal, Fraud, California Resources Corporation, CRC, Advertising, Aera Energy

Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of California Resources Corporation (NYSE: CRC) and Aera Energy, LLC is fair to California Resources shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of California Resources Corporation (NYSE: CRC) and Aera Energy, LLC is fair to California Resources shareholders.
  • Upon completion of the proposed transaction, California Resources shareholders will own approximately 77.1% of the combined company.
  • The investigation concerns whether California Resources and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for California Resources shareholders; and (2) disclose all material information necessary for California Resources shareholders to adequately assess and value the merger consideration.
  • On behalf of California Resources shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

California Resources Corporation to Combine with Aera Energy

Retrieved on: 
Wednesday, February 7, 2024
Other Energy, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, Climate Change, Carbon, Partnership, California Resources Corporation, CRC, CPP, Environmental issues, Carbon dioxide, G&A, Direct air capture, Philosophy, CUPS, Aera Energy, Investment, CCS, CO2, South Belridge Oil Field, Sale, MMT, EPA, DAC, CPP Investment Board, CTV, Renewable energy

California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.

Key Points: 
  • California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.
  • The transaction values Aera at approximately $2.1 billion, inclusive of Aera’s net debt and certain other obligations1, and is expected to be immediately accretive.
  • On behalf of CRC, we look forward to working with our new colleagues at Aera.
  • The combined company will own interests in five of the largest oil fields in California with opportunities to increase oil recovery.

Oil Drillers Mislead With Advertising Claims That Decreased CA Crude Oil Production Policies Lead To High Gas Prices, says Consumer Watchdog

Retrieved on: 
Tuesday, December 19, 2023
WSPA, IRS, Round Table, SBX, Policy, CEI, Bloomberg Businessweek, Gasoline, State, Multimedia, Environment & Energy Publishing, Consultant, Dodge, School, Consumer Watchdog, Acquisition, Business Roundtable, File, CEC, Court, UC, Hospital, Disclosure, Criminal defense lawyer, University of California, Berkeley, Insurance, Tea, Natural Resources, Energy independence, Shell, CARE, Consumer Alert, Nielsen, News, Aera Energy, Business

Consumer Watchdog pointed to experts and evidence that show decreased local oil production has no impact on California gas prices.

Key Points: 
  • Consumer Watchdog pointed to experts and evidence that show decreased local oil production has no impact on California gas prices.
  • "Crude oil prices are set on a world market that the level of California crude oil production does not impact."
  • "Consumers will not benefit from more oil production in the state and they will not be hurt by less oil production in California," Bornstein said .
  • "The main determinant of gasoline prices has nothing to do with decreased local production of crude oil," said Consumer Advocate Liza Tucker.

Aera Energy and CSUB Partner to Advance Research Into Energy Innovation

Retrieved on: 
Wednesday, December 13, 2023
Research, Philanthropy, Oil, Gas, Sustainability, Alternative Energy, Energy, University, Environment, Education, Science, Climate Change, Other Philanthropy, Other Science, Carbon, California State University, Bakersfield, School, Environmental resource management, Natural science, Alumni Hall, STEM, Climate change, Policy, State university system, Executive, Mathematics, Workforce, Associate, Student, CSU, Culture, CERC, Aera Energy, CSUB, California State University, Engineer, Engineering, Partnership, Business, Optimism, Renewable energy, Management

Aera Energy will make a $2.5 million investment in CSUB’s role in the energy research sector by endowing the Executive Director for Energy Research position at the California Energy Research Center at California State University, Bakersfield.

Key Points: 
  • Aera Energy will make a $2.5 million investment in CSUB’s role in the energy research sector by endowing the Executive Director for Energy Research position at the California Energy Research Center at California State University, Bakersfield.
  • “Aera Energy is proud to partner with CSU Bakersfield to endow the Executive Director for Energy Research position,” said Aera Energy CEO Erik Bartsch.
  • Most recently, Aera Energy has helped CSUB bring together industry, policy and research leaders for the CSUB California Energy Research Center’s annual Carbon Management Technical Symposium.
  • The California Energy Research Center is housed within the School of Natural Sciences, Mathematics and Engineering at CSUB and has already benefitted from previous support from Aera Energy since its founding in 2014.